FTSE Elliott Wave Analysis for Wednesday 21/06/2023The FTSE is moving again. Depending on what the market gives us, we see a potential long trade for today (against the higher timeframe direction).
UK100 trade ideas
Short UK100 19 Jun'23Risk control was there, a bit of FOMO on the entry
Trap was perhaps too small or needed to be cognizant of bigger trap prints. This reduced confidence in the trade
Location made sense
Flow made sense
UK100UK100 is trading in long term bearish trend. Currently the price is retracing a bit but just about to face a long term declining trendline from Fib golden ratio. Will these confluences push the price to lower side again?
FTSE Elliott Wave Analysis for Monday 20/06/2023The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
FTSE Opens with Bearish Bias: Potential for New Bearish ImpulseToday, the FTSE kicked off the market with a bearish bias, as indicated by its opening. After retracing and testing the previous resistance area near 7680, the value of the FTSE appears to have encountered resistance from a dynamic trendline within a broader bearish downtrend. This suggests the possibility of a new bearish impulse taking hold today. It will be interesting to observe how this index performs in the coming days as market conditions unfold.
FTSE Elliott Wave Analysis for Monday 19/06/2023The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Head and shoulderLikely breakout and pull-back retest right shoulder. Wait for confirmation looking long test previous high
FTSE Elliott Wave Analysis Higher Timeframe (17/06/2023)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
UK100 Possible BuyShould we break above 7654.8 price level it's a good buy but right now we failed to break the trendline. When we break the neckline and trendline make sure the 4h and 1d candles closes above the 7654.8 price level.
Long UK100 16 Jun'23Risk control was weaker; FOMO and playing a LTF setup
Risk management during the trade was good
Trap was there on the 3m
Location was acceptable but with lower margin of safety
Liquidity flow alignment was there which goes to show that many imperfect setups work so long as one trades with the overall flow; there was alignment in the HTF and clear signs of rollover without opposing reversal (although that aspect was not explicitly considered during the trade)
FTSE Elliott Wave Analysis for Friday 16/06/2023Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
FTSE Elliott Wave Analysis for Thursday 15/06/2023Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
UK100 to stall at previous resistance?UK100 - 24h expiry
Previous support located at 7550.
Previous resistance located at 7600.
Trend line resistance is located at 7630.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 7630 (stop at 7660)
Our profit targets will be 7530 and 7525
Resistance: 7600 / 7630 / 7650
Support: 7550 / 7530 / 7500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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FTSE Elliott Wave Analysis for Wednesday 14/06/2023Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
FTSE Elliott Wave Analysis for Tuesday 13/06/2023Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
FTSE Elliott Wave Analysis for Monday 12/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Sunday 11/06/2023 (W1 & D1)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
FTSE100 9/JUN/2023UK100 (FTSE 100) index has shown a significant price movement. The price initially formed a resistance level, which has been successfully broken out. This breakout indicates a potential shift in market sentiment. The previous resistance level has now become a support level. This means that traders and investors are now viewing this level as a price floor, where buying pressure may emerge.
The price is approaching this support area. Based on historical price behavior, it is likely that the price will rebound or bounce off this support level. This means that buyers could step in and push the price higher from this point. Considering these factors, it is advisable to monitor the price action closely in the support area. Traders may consider potential buying opportunities as the price approaches this level, keeping in mind that a rebound or bounce could occur.
Note: This analysis is based solely on technical factors and does not take into account fundamental or macroeconomic aspects that may influence the UK100 index. Technical analysis is not foolproof and market conditions can change rapidly.
FTSE Elliott Wave Analysis for Friday 09/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Thursday 08/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Wednesday 07/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
